BUSINESS HIGHLIGHTS

New Delhi, Jul 25 (PTI) Following are the top business stories at 2040 hours: DCM43 BIZ-DISINVESTMENT **** Focus on value creation in CPSEs, not to push disinvestment just to meet targets: DIPAM Secy New Delhi: The focus of the government will be to improve the performance of CPSEs with a view to maximise wealth creation and not to push disinvestment just to meet targets, DIPAM Secretary Tuhin Kanta Pandey said on Thursday. **** DEL48 BIZ-LD STOCKS **** Markets extend losses for 5th session; metal, bank stocks major drag Mumbai: Equity market benchmark indices Sensex and Nifty stayed on the back foot for the fifth straight session on Thursday as investors offloaded metal, banking and finance stocks amid a lacklustre trend in global markets. **** DEL79 BIZ-LD-RUPEE **** Rupee slides to fresh all-time low of 83.78 against dollar on forex outflows Mumbai: The rupee dropped by 7 paise to close at an all-time low of 83.78 against the US dollar on Thursday, dragged down by month-end dollar demand and foreign fund outflows. **** DCM44 BIZ-RESULTS-LD CANARA BANK **** Canara Bank Q1 net profit grows 10 pc to Rs 3,905 cr New Delhi: State-owned Canara Bank on Thursday posted a 10 per cent rise in its net profit to Rs 3,905 crore for the first quarter ended June 30, driven by a reduction in bad loans. **** DCM72 LSQ-LD NHAI-DEBT **** NHAI not facing any financial crises: Gadkari New Delhi: The National Highway Authority of India (NHAI) is not facing any financial crises and has drawn up a plan to service its debt through improved inflows of toll revenue and asset monetisation, Parliament was informed on Thursday. **** DCM34 BIZ-FDI-CHINA-NITI **** Clearer set of guidelines needed for approving FDI proposals from China: NITI Aayog VC Bery New Delhi: India needs a 'clearer set' of guidelines for approving Foreign Direct Investments (FDI) from China expeditiously as the system of case-by-case review is slow, NITI Aayog vice chairman Suman Bery has said. **** DCM27 BIZ-LD RESULTS-NESTLE **** Nestle India profit rises 7 pc to Rs 746.6 crore in June quarter, sales up 3.75 pc to Rs 4,792.97 cr New Delhi: FMCG major Nestle India Ltd on Thursday reported an increase of 6.9 per cent in its net profit at Rs 746.60 crore for the quarter that ended June 2024. **** DEL60 BIZ-GOOGLE MAPS LD INDIA **** Map war intensifies; Google announces new features to woo users in India New Delhi: Amid rising competition from homegrown challenger Ola Maps, Google on Thursday announced a slew of new features on Google Maps to woo Indian users, including EV charging station information, flyover callouts and AI-driven routing capability to reduce narrow road usage for four-wheeler drivers. **** DEL52 BIZ-GOLD-PRICE **** Gold tumbles Rs 1,000 to 70,650 per 10 grams on sluggish demand, global cues New Delhi: Gold prices continued to fall for the third day and tumbled Rs 1,000 to Rs 70,650 per 10 grams in the local market here on Thursday amid heavy selling by jewellers, triggered by a fall in rates in overseas markets. **** PTI SHW